Adele Louise Pentland Sells 8,149 Shares of Paypal Holdings Inc (PYPL) Stock

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Paypal Holdings Inc (NASDAQ:PYPL) EVP Adele Louise Pentland sold 8,149 shares of the business’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $84.68, for a total transaction of $690,057.32. Following the sale, the executive vice president now directly owns 61,056 shares of the company’s stock, valued at $5,170,222.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of PYPL stock traded up $3.29 on Wednesday, hitting $84.19. The stock had a trading volume of 9,211,417 shares, compared to its average volume of 8,956,578. The company has a market capitalization of $98.24 billion, a P/E ratio of 60.57, a PEG ratio of 2.55 and a beta of 1.31. Paypal Holdings Inc has a one year low of $68.61 and a one year high of $93.70.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.66 billion. Paypal had a return on equity of 13.60% and a net margin of 13.98%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. On average, analysts predict that Paypal Holdings Inc will post 1.79 EPS for the current year.

PYPL has been the subject of a number of recent analyst reports. Berenberg Bank initiated coverage on shares of Paypal in a research note on Thursday, August 30th. They set a “buy” rating and a $104.00 target price for the company. Nomura lowered their target price on shares of Paypal from $120.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, October 11th. Zacks Investment Research raised shares of Paypal from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, September 25th. BTIG Research raised shares of Paypal from a “neutral” rating to a “buy” rating and boosted their target price for the company from $81.00 to $95.00 in a research note on Friday, October 19th. Finally, BMO Capital Markets boosted their target price on shares of Paypal from $112.00 to $119.00 and gave the company an “outperform” rating in a research note on Friday, October 19th. Seven equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and a consensus target price of $93.93.

Institutional investors have recently made changes to their positions in the business. First Republic Investment Management Inc. raised its holdings in Paypal by 35.9% in the second quarter. First Republic Investment Management Inc. now owns 305,703 shares of the credit services provider’s stock worth $25,455,000 after purchasing an additional 80,765 shares in the last quarter. Weatherly Asset Management L. P. raised its holdings in Paypal by 0.8% in the second quarter. Weatherly Asset Management L. P. now owns 87,418 shares of the credit services provider’s stock worth $7,279,000 after purchasing an additional 656 shares in the last quarter. New England Research & Management Inc. raised its holdings in Paypal by 10.2% in the third quarter. New England Research & Management Inc. now owns 11,300 shares of the credit services provider’s stock worth $993,000 after purchasing an additional 1,050 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Paypal by 18.9% in the second quarter. Canada Pension Plan Investment Board now owns 1,434,018 shares of the credit services provider’s stock worth $119,411,000 after purchasing an additional 227,908 shares in the last quarter. Finally, Clinton Group Inc. bought a new position in Paypal in the third quarter worth about $9,249,000. Institutional investors and hedge funds own 79.55% of the company’s stock.

About Paypal

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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